StockNews.AI
GPN
StockNews.AI
18 hrs

Acrisure Completes Acquisition of Global Payments' Payroll Business

1. GPN sold Heartland Payroll for $1.1 billion, expanding Acrisure's HCM capabilities. 2. The acquisition affects GPN by reducing its client base in payroll services.

M&A
+2.46%Current Return
VS
+0.34%S&P 500
$83.0810/01 09:22 AM EDTEvent Start
$85.1210/02 03:03 AM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Bearish?

The divestiture of Heartland Payroll reduces GPN's revenue base and client diversity. Historical examples show that divestitures can lead to negative market reactions, as seen with similar firms post-acquisition sales.

How important is it?

The $1.1 billion transaction corresponds to a significant business segment for GPN, indicating potential financial strain.

Why Short Term?

The immediate market reaction will be influenced by this major client loss, likely causing short-term stock volatility.

Related Companies

AcrisureVMAFISFISV
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Acrisure, a global fintech leader, today announced the closing of its acquisition of Heartland Payroll Solutions (“Heartland Payroll”), one of the leading payroll and Human Capital Management (HCM) companies in the United Sates, from Global Payments, Inc. (NYSE: GPN) for $1.1 billion. The acquisition will bring Heartland Payroll's 50,000+ clients under the Acrisure umbrella and significantly expand the company's current payroll and HCM capabilities. “This t.

Related News